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20130318
20130326
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to accept gifts and things like that. governor jerry brown wants to do more. the whole structure of the board is basically dysfunctional and he wants to add more board members with specific financial expertise to this because half of the board members are elected but essentially public emplooees in california and don't have any qualifications for being on the board. they have to make changes legislatively taken care of. gerri: the people getting hurt here, does not necessarily the pension, it is taxpayers. what is the price tag of this? >> here is the thing, a recent report put calpers in the bottom 5% in the country among investment returns several years. this is not right. this is a state that has enormous unfunded pension liabilities and projected 7.5% annual returns every year, they are going to be one of the worst performers. so there is a history really of mismanagement that really needs to be changed, they need professional management. gerri: the problem is how do you tear apart, how do you break away elected officials and the unions themselves because it seems to me the t
. this is the brown and -- [inaudible] you're watching barrels, oak barrels being charred. they will be filled with bourbon soon. you got to make it that way. >> yes, you do. bourbonhas to go in a new white oak charred barrel. >> one of the republicans the stock is doing well is they are the only bourbon maker essentially that makes your own barrels. we work with the masters to customize needs to the service. >> that's the chars you can get. that's a heavy char. that one's medium, and this, obviously, the lighter ones. it means different tastes to the bourbon. >> heavier char allows us to get color into the bourbon at a quicker taste so you get more sugar in the wood. >> this is how they assemble the barrels and sell them on the open market as well. look at how they fit together. hoops go on them there, and this gives you a tremendous advantage over your competitors because you can control exactly how that char takes place. >> right. >> we control the whole supply from the wood cut to the barrels being made that gives us the tremendous advantage to know what we need and way we're looking for i
Search Results 0 to 2 of about 3 (some duplicates have been removed)